32986 Blackwell Blvd Lake Elsinore, CA 92530

$1,910,000 Sold Price as of 10/11/2018

-- Beds
-- Baths
-- Sq.Ft.

Off Market

$1,910,000 Sold Price as of 10/11/2018 Refinance Your Mortgage

Map preview of 32986 Blackwell Blvd, Lake Elsinore, CA 92530

Property Overview: 32986 Blackwell Blvd Lake Elsinore, CA has -- bedrooms, -- bathrooms, -- living square feet and 8,276 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

32986 Blackwell Blvd is currently an off market home in the city of Lake Elsinore. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Lake Elsinore has a median list price of $615,000. The median price per/sqft for Lake Elsinore is $302. With those numbers in mind, if you are looking to purchase a median priced home in Lake Elsinore, CA and put 20% down you will need to save up $123,000 for the down payment and will need roughly $12,300 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Lake Elsinore the commission could be as much as $30,375. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 32986 Blackwell Blvd

Last sold for $1,910,000 on October 11th, 2018

October, 2018
Oct 12, 2018

Date

Sold

CRMLS: OC18003157

$1,910,000

Price
Oct 5, 2018

Date

Pending

CRMLS: OC18003157

$1,995,000

Price
Jul 27, 2018

Date

Active Under Contract

CRMLS: OC18003157

$1,995,000

Price
Jul 3, 2018

Date

Active

CRMLS: OC18003157

$1,995,000

Price
Jun 23, 2018

Date

Active Under Contract

CRMLS: OC18003157

$1,995,000

Price
May 20, 2018

Date

Active

CRMLS: OC18003157

$1,995,000

Price
Mar 12, 2018

Date

Active Under Contract

CRMLS: OC18003157

$1,995,000

Price
Jan 5, 2018

Date

Active

CRMLS: OC18003157

$1,995,000

Price
Listing provided courtesy of CRMLS

Current CAP rate at 5.55% and ProForma CAP at 6.48% with a current NOI of $110,683! Very well priced at $90,681 per unit. This is a great opportunity to own two well maintained and professionally managed multifamily apartment buildings with a total of 22 units within walking distance of the lake and a park. This is a package deal consisting of 2 separate properties with 5 APN' s sold together. The 17586 and 17596 Grand Building has an onsite laundry room with owned machines that both buildings share for additional income. The Grand Apartments consist of 8 units with 7 studios and a single home consisting of a 3 bed/2 + an office. The 32986 Blackwell Apartments located across the street from the Grand Apartments consist of 14 studio units with tile floors and custom paint interiors making for very low turnover costs. Lake Elsinore is perfectly situated for commuters between Orange County, San Diego and the Inland Empire. Also see all the attached financial supplements (actual cash flows and rent rolls).

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October, 2018
Oct 11, 2018

Date

Sold (Public Records)

Public Records

$1,910,000

Price
January, 2018
Jan 1, 2018

Date

Expired

CRMLS: OC17160344

$1,995,000

Price
Aug 29, 2017

Date

Active

CRMLS: OC17160344

$1,995,000

Price
Aug 19, 2017

Date

Active Under Contract

CRMLS: OC17160344

$1,995,000

Price
Jul 14, 2017

Date

Active

CRMLS: OC17160344

$1,995,000

Price
Listing provided courtesy of CRMLS

Current CAP rate at 5.04% and ProForma CAP at 6.07% with a current NOI of $100,496! Very well priced at $90,681 per unit. This is a great opportunity to own two well maintained and professionally managed multifamily apartment buildings with a total of 22 units within walking distance of the lake and a park. This is a package deal consisting of 2 separate properties with 2 APN' s sold together. The 17586 Grand Building has an onsite laundry room with owned machines that both buildings share for additional income. The Grand Apartments consist of 8 units with 7 studios and a single 3 bed/2 bath home. The 32986 Blackwell Apartments located across the street from the Grand Apartments consist of 14 studio units with tile floors and custom paint interiors making for very low turnover costs. Lake Elsinore is perfectly situated for commuters between Orange County, San Diego and the Inland Empire. Also see all the attached financial supplements (actual cash flows and rent rolls).

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May, 2014
May 7, 2014

Date

Sold (Public Records)

Public Records

$1,175,000

Price

Tax History for 32986 Blackwell Blvd

Assessed Value (2020): $943,500

Year	Land Value	Improved Value	Assessed Value
2020	$127,500	$816,000	$943,500

About 32986 Blackwell Blvd

Detailed summary of property

32986 Blackwell Blvd is categorized with a use code of Apartment House (5+ Units) in Lake Elsinore, CA 92530 and last sold on October 11, 2018 for $1,910,000. This property has -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 8,276 square foot lot. Homes in Lake Elsinore are selling for a median price of $607,500 and a median price per square foot of $295. Based on Ardent Real Estate Group's Lake Elsinore Market Data, this home is sold 214.4% higher than the current median priced home. 32986 Blackwell Blvd was last sold on October 11, 2018 for $1,910,000. Local nearby listings include 23948 Phoebe Dr, 23930 Phoebe Dr and 11248 Vista Way. The average home in Lake Elsinore, CA is selling in 49 days. There are currently 300 homes for sale in the Lake Elsinore real estate market and 288 of them are single family homes while 10 of them are condos and 2 are townhomes. If you are the homeowner and looking to sell the home at 32986 Blackwell Blvd Lake Elsinore, CA 92530 contact Ardent Real Estate Group and we will put you in touch with one of our Lake Elsinore agents.

Public Facts for 32986 Blackwell Blvd

Public county record property details

Beds: --
Baths: --
Year built: 1776
Sq. Ft.: --
Lot Size: 8,276
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Riverside
Lot#: 27,28
APN: 381-174-041

The source for these homes facts are from public records.

92530 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$595,000

Median List Price/Sq.Ft.

$337

Median Sold Price

$550,000

Median Sold Price/Sq.Ft.

$325

Total Inventory

184

Median Sale to List Price %

98.21%

Avg Days on Market

Loan Type

Conventional (50%), FHA (27.5%), VA (5%), Cash (5%), Other (10%)

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(714) 706-1823

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